In the quietude of the weekend, Bitcoin (BTC) lay in a slumber, as if pondering the existential questions of the universe. The bulls and bears, those eternal combatants, seemed to have taken a coffee break, leaving the market in a state of limbo. “The horizon appears dim for the asset in the immediate future, likely due to the absence of a grand BTC reserve announcement,” mused Nick Forster, the sage of onchain options, in a note that floated through the ether on January 25, as if carried by the winds of CryptoMoon.
Yet, amidst this tranquil chaos, a flicker of optimism emerged from the depths of CryptoQuant, where the oracle IT Tech proclaimed on January 24 that long-term Bitcoin holders—those valiant souls who have clutched their Bitcoin for more than 155 days—continue to buy on dips, while the short-term holders engage in a merry dance during rallies. This, dear reader, has ignited a bullish flame for Bitcoin over the next twelve moons.
Analysts, those modern-day prophets, remain divided on Bitcoin’s fate, much like a family at a holiday dinner. While some foresee a glorious altcoin season in 2025, Crypto analyst Ali Martinez, with a twinkle of skepticism, pointed out on X that a staggering supply of 36.4 million altcoins currently looms over the market, a far cry from the mere 3,000 during the halcyon days of 2017-2018. The possibility of sustained altcoin outperformance seems as elusive as a cat in a dog park.
Will Bitcoin ascend to new heights, igniting a fervor among the masses? If so, let us gaze upon the charts of the top cryptocurrencies that may soon outshine the rest.
Bitcoin price analysis
Bitcoin finds itself wedged between the 20-day exponential moving average ($101,493) and the looming resistance of $108,353, like a sandwich caught in a cosmic dilemma.
The rising 20-day EMA and the RSI, basking in the positive territory, suggest that the path of least resistance is, indeed, upward. A break and close above $109,588 could herald the dawn of a new uptrend, with the BTC/USDT pair potentially soaring to $126,706, as if propelled by unseen forces.
Conversely, should the price falter beneath the overhead resistance and dip below the 20-day EMA, it may languish in a range between $90,000 and $109,588 for a spell. Sellers would need to wrestle the price down below the $90,000 to $85,000 support zone to claim victory.
The 4-hour chart reveals a trading range between $100,000 and $109,588, where the flattening 20-EMA and the RSI hover near the midpoint, offering no clear advantage to either side. A break and close above $107,250 could propel the pair toward the overhead resistance of $109,588. Should this barrier crumble, the pair may ascend to $119,176. On the flip side, a break and close below $100,000 could send the pair tumbling to $90,000.
Solana price analysis
Solana (SOL) finds itself embroiled in a fierce duel between the bulls and bears near the $260 threshold, as if caught in a Shakespearean tragedy.
The upsloping 20-day EMA ($232) and the RSI, perched above 65, indicate that buyers are indeed in command. A close above $273 could swing open the gates for a rise to $296. This level may present a formidable challenge, but if conquered, the SOL/USDT pair could gallop to $375.
However, should the price retreat and
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2025-01-26 23:41